My views on future trades, past trades, the market and lessons learnt

Monday, August 07, 2006

GBP Industrial Production

Monday: bought some new pc gear for my router and pc issues, everything is in the office now

Had my trade ready to go using my triggers but then for some reason I used felixes which I didn't feel were right to begin with and then Tom had the same ones wierd. So i used theirs. Knowing it was for a spike not a trade.

2 sec before trade my phone rings!! Distracted me I missed my entry got in 10 pips late. Then my other phone starts to ring! It was ACM ! Bastards.

-.1 v .2 (76) so it spikes down (56) and then bounces straight up in 3 min (78). Oanda made the spread 10 so screwed me, no exit. Went to pre-release and then came to an anchor (66) then hung around for 15 mins then went up (82) in 15mins then finally 1 hr later it came down to 55 (anchor) slowly where it had to come down to! Got out 1 pip from the bottom!

Well done for holding it.

Lesson: Turn off phone. If you have spike triggers USE them as spike triggers fool, not clear and sustained directional move anchors.

 

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